Oddball
Unobtanium Member
- Jan 3, 2009
- 107,113
- 115,893
How do they benefit by holding mortgages that aren't being paid?Oh, and how are the banks getting their money back with a foreclosure? They lost all of their money with a foreclosure and they now own some near worthless property....?
THE BANKS are the ones that benefit from these gvt programs that refinance imho....it buys them time for the market values to recover....it prevents or POSTPONES foreclosure, while they continue to collect some more money off the customer... i dunno?
If they have the house, at least there's something to liquidate.